Keppel inks joint venture with Shell to establish LNG bunkering business
Each party has a 50% stake.
A subsidiary of Keppel Offshore & Marine has inked a joint venture agreement with Shell to form a Singapore-incorporated liquefied natural gas (LNG) bunkering business.
Each party will have an equal stake in the joint venture company. The JV company will supply LNG bunkering operations and other services to ships and any other marine vessels in the local port.
The deal will not have a material impact on Keppel’s assets or earnings for the current financial year.